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, brought to you as a public service by your television provider. >> a look now at technology and entrepreneurship from a recent conference in detroit held at wayne state university. speakers include aol founder steve case, tim draper. former u.s. chief information officer. this is about two hours. >> thank you so much for getting us started. thank you all for being here. it's really exciting to finally have this thing and we. we've been working on for an awfully long time. what we do at techonomy is mostly up to now it's been sort of retreat like invitation only, leaders thing in the desert and i would really want to get our message out in the broader community, particularly in the united states where we think there's some messages that are just not sufficiently understood. and that's what you, i hope you will be hearing throughout the day today. and the message is, these events are focused on four issues. u.s. competitiveness, the future of jobs, economic growth, which is adequate to the first to come and then the revival of our cities with detroit as case study number one.
of the information technology boom, creation of private credit and, therefore, rapid increase in tax revenues. and so what stephanie showed, this was something that was not forecast at the time. at the time those who were there in 2000 remember that the secretary of the treasury at the time was -- and the chairman of the federal reserve -- were talking about a 13-year horizon for the complete elimination of the public debt. and the congressional budget office was not forecasting that the information technology boom was an aberration that would come to an end, but it did. and from 2000 forward we were back into the much more normal position of the united states government running substantial budget deficits. and as the private sector rebuilt its financial position. so that's the first point is that long-term forecasts, the idea that one can control the future position of the debt and the deficit by actions taken today is an extremely tenuous and debatable idea. second point is that there are certain assumptions being made which create extremely ostensibly scary scenarios. those numbers that show and,
was put in place in 1992. it was to be a temporary measure. it was going to boost the new technology. 20 years later, president obama's respected energy secretary says wind is a mature technology. and what have we got after 20 years and billions of dollars of subsidies? a puny amount of unreliable electricity. our country uses nearly 25% of all the electricity in the world. wind produces 3% of that. of course, it only produces it when the wind blows. it's not easy to store it. so it is of limited use in a country that needs huge amounts of low-cost, clean, reliable electricity. relying on wind power is the energy equivalent of going to war in sailboats when nuclear submarines are available. the wind subsidy is so large, mr. president, that wind developers are now paying distributors to take their wind power under cutting the base load energy plants that are necessary to provide the reliable electricity we need for the country. and on top of that, there are better ways to produce clean electricity, better ways than subsidizing a technology that destroys the environment in the name of savi
a lot of people talk about the science technology. >> engineering. >> engineering and math. right. [laughter] i do think -- i am all for studying all these interesting things, but i do think that having those kinds of skills -- the countries we worry about competing with us a lot of their focus is on those things that actually have real world usefulness in the economy, and germany for a long time i spent a reasonable amount of time in germany they've emphasized engineering and technical backgrounds and certainly china is doing it and as i said i'm also with historians and even economists. [laughter] but i do think that having a strong base of people with those kind of skills would be a great thing. >> i think the most important point is education matters a lot. if you look at the unemployment break down in the u.s. right now it is skewed very much to words high school graduates are sort of a range of numbers but i think it's around 13, 14%. and as you get up past high school graduate, college graduate advanced degree it drops precipitously in the there is a gap we have right now i
mccain in ohio and still came within two points. the technology included so-called orca system. some of you maybe read about that in the last couple days which was the republican get-out-the-vote technology to insure that we were targeting people getting to the polls. it imploded on election day. it got so many hits from around the country as it should have saying gee this person voted. this person didn't vote. target calls. we thought it was under attack and closed down. so for those of you here from, again, the technology field and with interest in politics, we republicans want to talk to you. [laughter] we need some help. the democrats system i think is called gorton was quite effective at microtargeting. i heard a lot of anecdotes. i heard one this morning that you will love. someone gets a call a democrat in law school. gee, we see you voted. by the way this information is publicly voted. it is at 2:00 on election, but your sister at tulane has not voted, could you call her? that east the level which they were dealing we frankly were flying blind at that point. part of it is tec
, whether that was registration forms or getting people their checklist or whatever technology they were using, that made him a difference because they could talk to more people. these are hundreds of thousands of door knobs and phone calls they were able to do. so that's a big thing. then when you look at the exit polls, there's a couple things beyond the changing face of the nation, a changing attitude of the nation. when you think about what happened on election night, wisconsin elected the nation's first open lesbian senator to gay marriage approved in four states. marijuana would be legal in colorado. this is a country where people are becoming more socially liberal, while the republicans are doing this soul-searching between what type of social policies they want to promote. that trip to a lot of senate candidates. we will talk more about that i'm sure. and so this is where young voters are a big part of this demographic key as well. they actually turned out in bigger numbers in 2012 than he did in 2008 despite her not being an overall. the democrats talked a lot in 2008 about want
to the poll. mitt romney got fewer than john mccain and still came within two points. the technology included the so-called system some of you have maybe read about in the last couple of days which was the republican get-out-the-vote technology to ensure people are getting to the polls. i'm told on election day it had so many hits around the country as it should have from people saying this person voted and this person didn't. but if that was under attack it closed down. so for those of you hear from again that technology field to enter some politics, we republicans want to talk to you. [laughter] we need some help. the democratic system was quite effective at micro targeting and i've heard lots of anecdotes and one this morning that you will love that somebody gets a call that's a democrat from law school and was we see that you voted and disinformation is publicly available. was it you that voted 2:00 on election day but your sister hasn't. can you call her. that's the level at that point. that led to a turnout effort that in the end makes the difference. the increase in turnout among the b
Search Results 0 to 6 of about 7